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Tag: Investment News
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Trade and Development Bank Secures $100 Million From BII to Support African Businesses
The Trade and Development Bank (TDB), a key financial institution focused on African development, has secured a $100 million financing package from the British International Investment (BII), the UK’s development finance arm.
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Africa Finance Corporation Raises $1.16 Billion, Its Largest Ever Syndicated Loan, to Close Africa’s Infrastructure Gap
Africa Finance Corporation (AFC) (www.AfricaFC.org), the leading infrastructure solutions provider in Africa, has announced the successful close of its largest ever debt facility, a $1.16 billion syndicated loan, attracting new lenders from the Middle East, Europe and Asia.
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Yango Delivery Launches Cargo Express to Streamline Large Item Deliveries in Africa
Yango Delivery, a leading logistics platform in Africa, has announced the launch of Cargo Express, a new feature designed to improve the delivery of bulky items across the continent.
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Malian Industrial Giant Ibi Group Launches Electric Vehicle Subsidiary “Angata”
The Malian industrial conglomerate Ibi Group, known for its work in aviation, renewable energies, and irrigation systems, has expanded its operations into the urban transport sector with the launch of a new subsidiary, Angata.
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Kenya Opens Center of Excellence for Biodiversity and Climate in Nairobi
Kenya has opened a center of excellence for biodiversity and climate in Nairobi.
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AfDB Approves $20 Million Grant to Boost Food Security and Water Access in Senegal
The African Development Bank (AfDB) has pledged $20 million to bolster food security and water access for vulnerable communities in Senegal.
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Janngo Capital Raises $4.3 Million From ANAVA to Back Francophone African Startups and Women-Led Businesses
The Janngo Capital Startup Fund (JCSF), a venture capital fund focused on Africa, has secured €4 million (US$4.3 million) in equity investments from ANAVA, Tunisia’s first euro-denominated fund of funds.
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Climate-Focused VC Firm Satgana Secures €8 Million for Early-Stage Startups in Africa and Europe
Satgana, a venture capital (VC) firm specializing in climate solutions, announced the final close of its first fund.
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IFC Invests $10.5 Million in 4DX Ventures to Boost African Tech Startups
The International Finance Corporation (IFC) has announced a $10.5 million investment in 4DX Ventures, a venture capital firm supporting early-stage tech companies in Africa.